The Herb Alpert Foundation

Santa Monica, CA
Tax-exempt since March 1993
EIN: 95-4191227

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$52.8M (2023)

Expenses

$11.2M (2023)

Total Assets

$53.4M (2023)

Total Liabilities

$10.9k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$52,766,904

Expenses

$11,220,710

Net Income

$41,546,194

Net Assets

$53,361,966

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$58,777	0.1%
Interest Revenue	$272	0.0%
Dividends	$1,025,343	1.9%
Sales of Assets	$51,682,512	97.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,819,700	87.5%
Compensation of Officers*	$625,000	5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$53,372,891
Total Liabilities	$10,925
Net Assets	$53,361,966

Compensation

Key Employees and Officers	Compensation	Other
Rona Sebastian (President)	$625,000	$0
Matthew Wilder (Program Officer)	$184,167	$0
Jennifer Garratt (Executive Asst)	$79,091	$0
Herb Alpert (Chairman)	$0	$0
Lani Hall Alpert (Vice Chair.)	$0	$0
Paul Frimmer (Cfo)	$0	$0
Ian Wiener (Secretary)	$0	$0
Arnold Santos (Assistant Secretary)	$0	$0
Aria Alpert Adjani (Vice President)	$0	$0

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990-PF

Filed on Nov. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$7,308,518

Expenses

$8,507,905

Net Income

-$1,199,387

Net Assets

$33,310,174

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$59,411	0.8%
Interest Revenue	$88	0.0%
Dividends	$1,112,454	15.2%
Sales of Assets	$6,136,179	84.0%
Other Income	$386	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,080,600	83.2%
Compensation of Officers*	$625,000	7.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$33,310,174
Total Liabilities	$0
Net Assets	$33,310,174

Compensation

Key Employees and Officers	Compensation	Other
Rona Sebastian (President)	$625,000	$0
Matthew Wilder (Program Officer)	$170,833	$0
James Montoya Jr (Executive Asst)	$114,243	$0
Herb Alpert (Chairman)	$0	$0
Lani Hall Alpert (Vice Chair.)	$0	$0
Paul Frimmer (Cfo)	$0	$0
Ian Wiener (Secretary)	$0	$0
Arnold Santos (Assistant Secretary)	$0	$0
Aria Alpert Adjani (Vice President)	$0	$0

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990-PF

Filed on Nov. 8, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$29,881,590

Expenses

$7,064,778

Net Income

$22,816,812

Net Assets

$34,509,561

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$26,727,951	89.4%
Interest Revenue	$88	0.0%
Dividends	$1,088,921	3.6%
Sales of Assets	$2,064,482	6.9%
Other Income	$148	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,733,800	81.2%
Compensation of Officers*	$530,000	7.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$34,510,409
Total Liabilities	$848
Net Assets	$34,509,561

Compensation

Key Employees and Officers	Compensation	Other
Rona Sebastian (President)	$530,000	$0
Matthew Wilder (Program Officer)	$153,916	$0
James Montoya Jr (Executive Asst)	$99,886	$0
Herb Alpert (Chairman)	$0	$0
Lani Hall Alpert (Vice Chair.)	$0	$0
Paul Frimmer (Cfo)	$0	$0
Ian Wiener (Secretary)	$0	$0
Arnold Santos (Assistant Secretary)	$0	$0

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990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$3,637,417

Expenses

$8,236,655

Net Income

-$4,599,238

Net Assets

$11,692,749

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$187,209	5.1%
Interest Revenue	$88	0.0%
Dividends	$1,045,549	28.7%
Sales of Assets	$2,403,760	66.1%
Other Income	$811	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,874,000	83.5%
Compensation of Officers*	$530,000	6.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,741,459
Total Liabilities	$48,710
Net Assets	$11,692,749

Compensation

Key Employees and Officers	Compensation	Other
Rona Sebastian (President)	$530,000	$0
Matthew Wilder (Program Officer)	$156,667	$0
James Montoya Jr (Executive Asst)	$86,534	$0
Herb Alpert (Chairman)	$0	$0
Lani Hall Alpert (Vice Chair.)	$0	$0
Paul Frimmer (Cfo)	$0	$0
Ian Wiener (Secretary)	$0	$0
Arnold Santos (Assistant Secretary)	$0	$0

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990-PF

Filed on Nov. 9, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$6,050,673

Expenses

$16,790,526

Net Income

-$10,739,853

Net Assets

$16,291,987

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$64,625	1.1%
Interest Revenue	$259	0.0%
Dividends	$1,244,868	20.6%
Sales of Assets	$4,739,946	78.3%
Other Income	$975	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,071,600	89.8%
Compensation of Officers*	$530,000	3.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,298,430
Total Liabilities	$6,443
Net Assets	$16,291,987

Compensation

Key Employees and Officers	Compensation	Other
Rona Sebastian (President)	$530,000	$0
Matthew Wilder (Program Officer)	$140,046	$0
Nancee Enyart (Executive Asst)	$131,667	$0
Herb Alpert (Chairman)	$0	$0
Lani Hall Alpert (Vice Chair.)	$0	$0
Paul Frimmer (Cfo)	$0	$0
Ian Wiener (Secretary)	$0	$0
Arnold Santos (Assistant Secretary)	$0	$0

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990-PF

Filed on Nov. 12, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$30,507,868

Expenses

$9,066,067

Net Income

$21,441,801

Net Assets

$27,031,840

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$28,457,065	93.3%
Interest Revenue	$4,552	0.0%
Dividends	$791,087	2.6%
Sales of Assets	$1,254,853	4.1%
Other Income	$311	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,756,964	85.6%
Compensation of Officers*	$530,000	5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,036,757
Total Liabilities	$4,917
Net Assets	$27,031,840

Compensation

Key Employees and Officers	Compensation	Other
Rona Sebastian (President)	$530,000	$0
Matthew Wilder (Program Officer)	$130,014	$0
Nancee Enyart (Executive Asst)	$124,166	$0
Herb Alpert (Chairman)	$0	$0
Lani Hall Alpert (Vice Chair.)	$0	$0
Paul Frimmer (Cfo)	$0	$0
Ian Wiener (Secretary)	$0	$0
David Alpert (Assistant Secretary)	$0	$0

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990-PF

Filed on Nov. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$6,866,312

Expenses

$8,165,248

Net Income

-$1,298,936

Net Assets

$5,590,039

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$43,074	0.6%
Interest Revenue	$2,215	0.0%
Dividends	$545,453	7.9%
Sales of Assets	$6,264,305	91.2%
Other Income	$11,265	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,902,587	84.5%
Compensation of Officers*	$530,000	6.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,596,511
Total Liabilities	$6,472
Net Assets	$5,590,039

Compensation

Key Employees and Officers	Compensation	Other
Rona Sebastian (President)	$530,000	$0
Matthew Wilder (Program Officer)	$122,629	$0
Nancee Enyart (Executive Asst)	$117,767	$0
Herb Alpert (Chairman)	$0	$0
Lani Hall Alpert (Vice Chair.)	$0	$0
Paul Frimmer (Cfo)	$0	$0
Ian Wiener (Secretary)	$0	$0
David Alpert (Assistant Secretary)	$0	$0

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990-PF

Filed on Nov. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$16,522,218

Expenses

$16,730,776

Net Income

-$208,558

Net Assets

$6,888,975

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$60,447	0.4%
Interest Revenue	$402	0.0%
Dividends	$418,084	2.5%
Sales of Assets	$16,042,712	97.1%
Other Income	$573	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,433,041	92.2%
Compensation of Officers*	$495,000	3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,888,975
Total Liabilities	$0
Net Assets	$6,888,975

Compensation

Key Employees and Officers	Compensation	Other
Rona Sebastian (President)	$495,000	$0
Matthew Wilder (Program Officer)	$116,681	$0
Nancee Enyart (Executive Asst)	$111,263	$0
Herb Alpert (Chairman)	$0	$0
Lani Hall Alpert (Vice Chair.)	$0	$0
Paul Frimmer (Cfo)	$0	$0
Ian Wiener (Secretary)	$0	$0
David Alpert (Assistant Secretary)	$0	$0

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990-PF

Filed on Nov. 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$4,831,459

Expenses

$7,360,087

Net Income

-$2,528,628

Net Assets

$7,097,533

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$818,490	16.9%
Interest Revenue	$88	0.0%
Dividends	$277,751	5.7%
Sales of Assets	$3,720,435	77.0%
Other Income	$14,695	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,118,362	83.1%
Compensation of Officers*	$460,000	6.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,097,533
Total Liabilities	$0
Net Assets	$7,097,533

Compensation

Key Employees and Officers	Compensation	Other
Rona Sebastian (President)	$460,000	$0
Matthew Wilder (Program Officer)	$111,292	$0
Nancee Enyart (Executive Asst)	$108,750	$0
Herb Alpert (Chairman)	$0	$0
Lani Hall Alpert (Vice Chair.)	$0	$0
Paul Frimmer (Cfo)	$0	$0
Ian Wiener (Secretary)	$0	$0
David Alpert (Assistant Secretary)	$0	$0

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990-PF

Filed on Nov. 11, 2016

Primary tax return for a private foundation's activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2014

Revenue

$6,655,151

Expenses

$5,851,881

Net Income

$803,270

Net Assets

$9,626,161

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$567,683	8.5%
Interest Revenue	$2,132	0.0%
Dividends	$317,682	4.8%
Sales of Assets	$5,753,854	86.5%
Other Income	$13,800	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,639,500	79.3%
Compensation of Officers*	$430,000	7.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,626,161
Total Liabilities	$0
Net Assets	$9,626,161

Compensation

Key Employees and Officers	Compensation	Other
Rona Sebastian (President)	$430,000	$0
Nancee Enyart (Executive Asst)	$100,423	$0
Matthew Wilder (Program Officer)	$99,778	$0
Herb Alpert (Chairman)	$0	$0
Lani Hall Alpert (Vice Chair.)	$0	$0
Paul Frimmer (Cfo)	$0	$0
Ian Wiener (Secretary)	$0	$0
David Alpert (Assistant Secretary)	$0	$0

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990-PF

Filed on Nov. 13, 2015

Primary tax return for a private foundation's activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,930,773

Expenses

$9,013,009

Net Income

-$7,082,236

Net Assets

$8,822,891

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$505,235	26.2%
Interest Revenue	$2,341	0.1%
Dividends	$349,691	18.1%
Sales of Assets	$1,100,425	57.0%
Other Income	-$26,919

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,809,734	86.6%
Compensation of Officers*	$391,532	4.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,822,891
Total Liabilities	$0
Net Assets	$8,822,891

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

-$1,039,333

Expenses

$8,262,832

Net Income

-$9,302,165

Net Assets

$15,905,127

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$46,788
Interest Revenue	$13,483
Dividends	$482,972
Sales of Assets	$0
Other Income	-$21,685

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,079,757	85.7%
Compensation of Officers*	$337,772	4.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,905,127
Total Liabilities	$0
Net Assets	$15,905,127

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2011

Revenue

$2,108,477

Expenses

$6,778,760

Net Income

-$4,670,283

Net Assets

$25,207,292

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$236,955	11.2%
Interest Revenue	$7,480	0.4%
Dividends	$1,016,954	48.2%
Sales of Assets	$815,684	38.7%
Other Income	$31,404	1.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,536,257	81.7%
Compensation of Officers*	$315,675	4.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,207,292
Total Liabilities	$0
Net Assets	$25,207,292

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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The Herb Alpert Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $52.8M (2023)

Expenses $11.2M (2023)

Total Assets $53.4M (2023)

Total Liabilities $10.9k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$52.8M (2023)

Expenses

$11.2M (2023)

Total Assets

$53.4M (2023)

Total Liabilities

$10.9k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001